I owe a £5,000 debt and I wished to make payment in the pettiest but legal way possible.
I would like to pay entirely in cash, I'm aware there is a previous case history in doing such a thing and I am aware there are rules regulating how many coins to value are legal tender.
I have prepared sorted piles of coins based on my basic understanding of what is legal tender:
- 20 * 1p = 20p
- 10 * 2p = 20p
- 92 * 5p = £4.60
- 50 * 10p = £5
- 50 * 20p = £10
- 20 * 50p = £10
- 4970 * £1 = £4970
I believe at this point this would be an acceptable form of payment.
I mix all these coins into one massive sack.
I then fill the sack with an assortment of confetti.
Just as I prepare to take the sack to make payment, my child who I have been teaching the value of money tips in a till full of fake coins. I don't have time so I delivery the sack as payment as is.
Have I paid in a way in which the creditor cannot refuse payment? At what point are they justified in their refusal? Am I responsible for the sorting of coins? Am I liable for the cost of time involved in sorting?
Although I am looking for an answer in a British context I'm happy to hear how this may differ in other countries.
Clarification: This question is entirely hypothetical.